XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net Sales $ 27,087 $ 28,030 $ 74,171 $ 81,627
Cost of Goods Sold 9,821 10,326 27,874 30,241
Gross Profit 17,266 17,704 46,297 51,386
Selling Expense 3,991 5,383 12,045 14,193
General and Administrative Expense 5,951 6,786 14,056 18,430
Engineering Expense 945 1,162 3,086 3,655
Operating Profit 6,379 4,373 17,110 15,108
Interest Income (Expense) 6 229 (46) 685
Other Income (Expense) 19 (55) (112) (50)
Income Before Income Taxes 6,404 4,547 16,952 15,743
Income Tax Expense 1,576 1,153 4,188 3,896
Net Income 4,828 3,394 12,764 11,847
Less: Net (Income) attributable to the Noncontrolling Interest (11) (26) (32) (114)
Net Income attributable to Omega Flex, Inc. $ 4,817 $ 3,368 $ 12,732 $ 11,733
Basic and Diluted Earnings per Common Share $ 0.48 $ 0.33 $ 1.26 $ 1.16
Cash Dividends Declared per Common Share $ 0.28 $ 0.28 $ 0.84 $ 0.80
Basic and Diluted Weighted Average Shares Outstanding 10,094,322 10,094,322 10,094,322 10,092,756